Eagle Bancorp, Inc. (NASDAQ:EGBN) Given Average Rating of “Hold” by Analysts

Shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) have been given a consensus rating of “Hold” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.25.

A number of research analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Eagle Bancorp from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Wall Street Zen cut shares of Eagle Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 26th. Zacks Research raised shares of Eagle Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Eagle Bancorp in a research note on Wednesday, October 8th.

Institutional Trading of Eagle Bancorp

Hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in Eagle Bancorp by 72.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,640 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 8,277 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Eagle Bancorp by 24.6% during the first quarter. Oppenheimer & Co. Inc. now owns 10,142 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 2,000 shares during the last quarter. Jump Financial LLC acquired a new stake in Eagle Bancorp during the first quarter worth approximately $930,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Eagle Bancorp during the 1st quarter valued at $3,532,000. Finally, Nuveen LLC purchased a new stake in shares of Eagle Bancorp during the 1st quarter valued at $7,275,000. Institutional investors and hedge funds own 78.03% of the company’s stock.

Eagle Bancorp Trading Up 0.4%

Shares of Eagle Bancorp stock opened at $16.81 on Tuesday. Eagle Bancorp has a 12-month low of $15.47 and a 12-month high of $30.94. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.07. The stock has a market cap of $510.50 million, a PE ratio of -4.24 and a beta of 1.13. The company has a 50-day moving average of $19.73 and a two-hundred day moving average of $18.94.

Eagle Bancorp (NASDAQ:EGBN) last issued its earnings results on Monday, September 11th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter. Eagle Bancorp had a negative net margin of 18.65% and a negative return on equity of 10.07%. The company had revenue of $88.48 million during the quarter. On average, research analysts anticipate that Eagle Bancorp will post 2.31 EPS for the current fiscal year.

Eagle Bancorp Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, November 3rd. Eagle Bancorp’s dividend payout ratio (DPR) is -1.01%.

About Eagle Bancorp

Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans.